Our daughter and SIL bought a nice manufactured home on a decent sized plot of land about 35 miles north of Tampa 5 years ago. Now it’s worth just about double what they paid for it.
“Now it’s worth just about double what they paid for it.”
The only good part of inflation is rising land prices - IF you already own the land free and clear.
We just had a huge land auction in our neck of the woods. Land was going for $8-$10K an acre! And not all of that is tillable, or decent woodlots, either.
It’s insanity, but I am beyond happy to own a paid off farm. Well, some will say that I’m still ‘renting it’ from the State via property taxes, but amazingly, they are not rising. Yet. :(